Premier Protector Death Benefit (With Accelerated Benefit)

Available during accumulation phase. Upon the death of the owner, the benefit will be determined by the greater of two values:1)Highest Anniversary Value (HAV), increased by purchase payments, through age 85, or 2) 4% Roll-Up Value - Purchase payments compounded by 4% annually up to the contract anniversary on or following the 85th birthday. Additionally, the 4% increase value is calculated based on the initial purchase payments at contract issue, then increased by any subsequent purchase payments, compounded at 4% until the last increase date. Both the HAV and 4% increase value will continue to increase until the earliest of the following: 1) the death of the owner or annuitant, 2) the commencement of the acceleration period, or 3) the last increase date occurring on or following the 85th birthday of the owner. This provision allows for the acceleration of the death benefit. Such accelerated benefit feature is available only after the first contract year only if the owner is diagnosed with a chronic or terminal illness (having 90 days elimination period) by a licensed healthcare practitioner. Upon acceleration, no further purchase payments are accepted, and the contract value is increased to the Premier Protector Death Benefit value (if greater) which then transferred to the Fixed account and can be withdrawn without any deduction of applicable surrender charges.